Latest Marine Technology News

Advanced Innergy Holdings Ltd (ASX:AIH) has entered an exclusivity deed with Matrix Composites & Engineering Ltd (ASX:MCE) following a non-binding indicative offer to acquire all MCE shares at $0.40 each. The exclusivity period extends to 28 April 2026, allowing AIH to negotiate binding terms exclusively as part of its strategy to expand in subsea technologies and manufacturing in the Asia-Pacific region.

Advanced Innergy Holdings Ltd (AIH) has acquired Imenco Aqua AS, enhancing its marine technology platform with patented aquaculture solutions and recurring revenue streams in key global markets.

VEEM Limited reports half-year revenue close to guidance with improved cash flow, offset by a significant $24.8 million non-cash impairment tied to its gyro product upgrade. The transition to the new Mark III gyro design has temporarily stalled sales as customers await delivery.

Carnegie Clean Energy’s Spanish subsidiary has sold its 2025 Basque R&D tax deductions for €773,163, securing immediate funding to advance its ocean wave energy technology under the ACHIEVE Programme.

VEEM Limited has launched its most efficient marine propulsion system, the VEEM Extreme package, delivering up to 18.1% fuel savings and speed gains. Early trials with Manly Fast Ferries signal strong commercial interest.

VEEM Limited has achieved approved supplier status with Huntington Ingalls Newport News Shipbuilding, positioning itself to enter the US defence supply chain with anticipated RFQs in the first half of FY26.